The Traders Sell Fidelity National Financial, Inc. (FNF) on Strength (FNF)

Cornelia Mascio
Agosto 13, 2017

The brokerage now has a $21.00 price objective on the financial services provider's stock, up from their prior price objective of $17.00. Vanguard Group Inc. raised its stake in shares of Fidelity National Financial by 4.3% in the first quarter. Victory Capital Management Inc. increased its stake in Fidelity National Financial by 1,675.0% in the second quarter. Tower Research Capital LLC (trc) now holds 107 shares worth $2,000. The value of the total investment in Ambac Financial Group, Inc. went from $55,000 to $38,000 decreasing 30.9% quarter to quarter. Old Mutual Global Investors UK Ltd. now owns 33,896 shares of the financial services provider's stock valued at $639,000 after buying an additional 32,419 shares during the period. Old Mutual Global Investors UK Ltd. boosted its stake in Ambac Financial Group by 2,194.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,527 shares of the financial services provider's stock worth $238,000 after buying an additional 292 shares in the last quarter. Institutional investors and hedge funds own 83.22% of the company's stock.

TRADEMARK VIOLATION WARNING: "Fidelity National Financial, Inc". (NYSE:FNF) opened at 47.06 on Friday. The firm has a market capitalization of $13.28 billion, a price-to-earnings ratio of 21.22 and a beta of 0.95.

Company chares are trading at $19.66 which is quite a bit higher than $18.62, the stock's 50 day moving average and just a bit higher than the 200 day moving average of $19.05. In the last earnings report the EPS was $-1.33 and is expected to be $0.70 for the current year with 45,228,000 shares now outstanding. Fidelity National Financial had a net margin of 7.49% and a return on equity of 10.41%. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.14 billion. The business had revenue of $172.85 million for the quarter, compared to analyst estimates of $127.75 million. On average, equities analysts anticipate that Fidelity National Financial will post $2.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.06%.

In other Ambac Financial Group news, CEO Claude Leblanc acquired 7,500 shares of Ambac Financial Group stock in a transaction dated Thursday, May 18th. Fidelity National Financial's dividend payout ratio (DPR) is now 43.67%.

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A number of equities research analysts have commented on FNF shares. Piper Jaffray Companies reaffirmed a "buy" rating and issued a $48.00 target price on shares of Fidelity National Financial in a research note on Friday, July 14th. Finally, ValuEngine raised shares of Fidelity National Financial from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 22nd.

Among 25 analysts covering Celgene Corporation (NASDAQ:CELG), 21 have Buy rating, 0 Sell and 4 Hold. The stock was acquired at an average cost of $16.45 per share, for a total transaction of $123,375.00. Accern also gave news articles about the insurance provider an impact score of 45.3682078095637 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next few days. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. As of quarter end Morgan Stanley had sold a total of 434 shares trimming its stake by 17.6%. Following the transaction, the executive vice president now directly owns 89,575 shares in the company, valued at approximately $4,257,499.75. The disclosure for this sale can be found here. EJF Capital LLC now owns 1,261,376 shares of the financial services provider's stock valued at $23,790,000 after buying an additional 523,550 shares during the last quarter. (Ambac), launched on April 29, 1991, is a financial services holding company.

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